MarketResearch.biz delivers in-depth insights on the global halal food and beverage market in its upcoming report titled, “Global Halal Food and Beverage Market Trends, Applications, Analysis, Growth, and Forecast: 2017 to 2027”. The global halal food and beverage market is estimated to register a CAGR of X.X% in terms of value during forecast period 2017–2027. The report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global halal food and beverage market report has been segmented on the basis of product type, distribution channel, and region.

This report is based on synthesis, analysis, and interpretation of information gathered regarding the target market from various sources. Our analysts have analyzed the information and data and gained insights using a mix of primary and secondary research efforts with the primary objective to provide a holistic view of the market. In addition, an in-house study has been made of the global economic conditions and other economic indicators and factors to assess their respective impact on the market historically, as well as the current impact in order to make informed forecasts about the scenarios in future.

Halal is an Arabic word that means “permissible”, refers to what is lawful in Islam. Haram is opposite of halal, it means non-lawful and prohibited. It is often applied to beverages and food products, cosmetics, processed food, pharmaceuticals, personal care products and other facets of life. It Included method of slaughtering animals and cleaning method of utensils, machinery, equipments for processing, manufactured food products that needs to be done according to the Islamic laws. Halal food does not contain pork or other ingredients that are derived from non halal animals. In case of vegetarian halal food, it excludes the use of alcoholic beverages and alcoholic flavors.

Growing Muslim population in the world, coupled with increasing demand for halal products are major factors, anticipated to boost the growth of the global halal food and beverage market. Increasing awareness regarding various halal food products in the market resulted in increasing its preference among individuals. Increasing disposable income and rising standard of living are also factors, expected to bolster the demand of the halal food and beverages and drives the growth of the global market. Furthermore, growing urbanization coupled with an increasing retail market and development of the supply chain also expected to drive the market growth of the global halal food and beverage market over the forecast period.

However, stringent rules and regulations regarding the halal food products and requirement of high accountability on each step from acquiring the raw material to packaging, may hamper the availability of halal food and beverages and restrain the growth of the global market over the long run. Nevertheless, the introduction of various types of halal food and beverages as well as spreading awareness about halal products in developing countries, can create higher revenue opportunities for players in the target market.

Market in Asia Pacific accounts for a major share in terms of revenue and is expected to witness significant growth over the forecast period. Presence of large Muslim populated countries such as India, Pakistan, Bangladesh, Indonesia, Myanmar, and others is the key factor, driving the growth of the halal food and beverage market in Asia Pacific region. Currently, the Middle East and Africa market is accounted for a second height share in terms of revenue and expected to witness lucrative growth in the near future. Increasing consumption of halal food products among consumers and rapid growth of the Islamic lifestyle followers, are factors also expected to propel the growth of the target market in this region.

OUR CLIENTS

Don't just take our word. We are trusted by these great companies!

MARKET RESEARCH REPORTS

Prudour Pvt. Ltd. delivers customized research solutions by actuating its broad spectrum of research methodologies, databases, and resources, and this is further strengthened by our global experience in syndicated and customized industry projects.